Corner Storefront Redevelopment
For Sale
$160,000
301 4TH S Street, Opelika, AL 36801
Brick commercial building with a storefront layout and paved parking on a prominent corner lot.
Property Size1,344 SF
Price / SF$119.05
Days on Market80
Property Features for 301 4TH S Street
General Information
Standard status
Active
Size
1,344 SF
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$744
Listing Agency:
PHOENIX REAL ESTATE FIRM LLC
(334) 663-8420
Listed By:
ZANDRA DAVIS · License #000088129
(334) 663-8420
Source:
Exitrealty
Added: Jun 6
Changed: Aug 23
Last Checked: Aug 24 at 3:17AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PHOENIX REAL ESTATE FIRM LLC
Investment Insights
Based on property information with market context.
The former Renee's Mod Shop is a brick commercial building featuring a storefront-oriented layout. The property includes a paved parking area and offers flexible space that may support retail, office, service-based businesses, studio use, or future redevelopment. The sale is being made as-is, and buyers should plan accordingly when evaluating building condition and finish details.
The property sits on a prominent corner lot at the intersection of South 4th Street and Avenue B in Opelika, Alabama. With visibility and accessibility associated with the corner location, the site is positioned for convenient customer and client access. It is also described as being near downtown Opelika and major thoroughfares.
For prospective tenants or owners, this asset can be reviewed as a straightforward option for a storefront business or a service or office user seeking an on-site parking arrangement. For buyers considering redevelopment, the seller notes the opportunity for future use and emphasizes that zoning, square footage, utilities, and intended use must be verified by the buyer. This property may be well suited for an operator who wants a recognizable local address and a layout that can be adapted to multiple commercial purposes, subject to due diligence.
The property sits on a prominent corner lot at the intersection of South 4th Street and Avenue B in Opelika, Alabama. With visibility and accessibility associated with the corner location, the site is positioned for convenient customer and client access. It is also described as being near downtown Opelika and major thoroughfares.
For prospective tenants or owners, this asset can be reviewed as a straightforward option for a storefront business or a service or office user seeking an on-site parking arrangement. For buyers considering redevelopment, the seller notes the opportunity for future use and emphasizes that zoning, square footage, utilities, and intended use must be verified by the buyer. This property may be well suited for an operator who wants a recognizable local address and a layout that can be adapted to multiple commercial purposes, subject to due diligence.
Key Highlights
- Brick commercial building built in 1973 on a prominent corner lot
- Corner location at the intersection of South 4th Street and Avenue B in Opelika
- Storefront layout with paved parking area on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,658
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,160
$253.2K
Cap Rate 7%
$180,829
$180.8K
Cap Rate 9%
$140,644
$140.6K
Market Conditions
NOI Build-Up for 1,344 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$20.2K $15.00/SF
− Vacancy
−$2.1K −$1.55/SF
EGI
$18.1K $13.46/SF
− OpEx
−$5.4K −$4.04/SF
NOI
$12.7K $9.42/SF
Area
Lee County, AL
Vacancy
10.30%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$253,160
Cap Rate 7%
$180,829
Cap Rate 9%
$140,644
Alternative Uses
Best Use
Retail
$180.8K
$158.2K – $211.0K
NOI $12,658 @ 7.0% cap · market cap 7.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$327.8K
$286.8K – $382.4K
NOI $22,946 @ 7.0% cap · market cap 14.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
876
Businesses Nearby
71k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 41%
Burger King
Dining
16,480 visits/mo
0.5 miles
Circle K
Shops & Services
14,118 visits/mo
0.5 miles
Dollar Tree
Shops & Services
9,583 visits/mo
0.4 miles
Guthrie's
Dining
7,951 visits/mo
0.5 miles
Wells Fargo
Shops & Services
6,122 visits/mo
0.3 miles
Demographics for 36801, AL
24,590
Population
11,363
Households
2.2
Avg Household Size
38
Median Age
33%
College-Educated
89%
High-School Grad
78.3 sq mi
ZIP Area
314
Density / Sq Mi
$58,256
Median Household Income
$39,018
Median Earnings
$926
Median Rent
$211,400
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A & O Florists — 131 Columbus Pkwy, Opelika, AL 36801
- The New Blossom Shop — 905 Geneva St, Opelika, AL 36801
Frequently Asked Questions
What type of property is this?
Storefront property - Brick commercial building with a storefront layout and paved parking on a prominent corner lot.
Where is this storefront property located?
The property is located at 301 4TH S Street Opelika, AL.
What is the asking price?
The asking price for this property is $160,000.
What are key features of this property?
This property features: Brick commercial building built in 1973 on a prominent corner lot; Corner location at the intersection of South 4th Street and Avenue B in Opelika; Storefront layout with paved parking area on‑site
